Fluence Energy, Inc. (NASDAQ:FLNC) Director Herman E. Bulls Purchases 30,000 Shares

Fluence Energy, Inc. (NASDAQ:FLNC) Director Herman E. Bulls acquired 30,000 shares of the stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $6.53 per share, for a total transaction of $195,900.00. Following the acquisition, the director now directly owns 105,861 shares in the company, valued at $691,272.33. This represents a 39.55 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Fluence Energy Stock Performance

FLNC stock opened at $6.43 on Friday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 49.46, a PEG ratio of 0.49 and a beta of 2.37. Fluence Energy, Inc. has a one year low of $6.05 and a one year high of $26.12. The company has a 50 day moving average price of $14.60 and a two-hundred day moving average price of $17.93.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. Research analysts forecast that Fluence Energy, Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Fluence Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sanders Morris Harris LLC purchased a new stake in shares of Fluence Energy during the 4th quarter valued at $812,000. Cidel Asset Management Inc. purchased a new stake in shares of Fluence Energy during the 4th quarter valued at $350,000. SG Americas Securities LLC grew its stake in shares of Fluence Energy by 79.2% during the 4th quarter. SG Americas Securities LLC now owns 48,883 shares of the company’s stock valued at $776,000 after buying an additional 21,597 shares during the period. FMR LLC grew its stake in shares of Fluence Energy by 9.0% during the 3rd quarter. FMR LLC now owns 1,606,100 shares of the company’s stock valued at $36,475,000 after buying an additional 132,868 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in shares of Fluence Energy during the 3rd quarter valued at $5,742,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FLNC shares. The Goldman Sachs Group lowered their price objective on Fluence Energy from $26.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley lowered their price objective on Fluence Energy from $20.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday. Roth Mkm lowered Fluence Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $6.50 in a report on Wednesday. Jefferies Financial Group lowered Fluence Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from $22.00 to $15.00 in a report on Wednesday, January 22nd. Finally, Citigroup reduced their price target on shares of Fluence Energy from $24.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Fluence Energy has a consensus rating of “Hold” and an average target price of $14.64.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.